James E. Fleet

Managing Director and Shareholder
Years with Phoenix: 9
Years of Turnaround Experience: 12
Office location: Boston, MA

Jim Fleet is a Managing Director and Shareholder at Phoenix Management Services, and has over twenty years of executive management and advisory experience. He has led the Phoenix Boston office since its inception in March 2000. His advisory experience includes over fifty (50) assignments in which he managed or provided material guidance in turnaround and investment banking assignments that have encompassed interim management roles, operational wind downs, bankruptcy §363 transactions, and a variety of refinancing/recaptialization and M&A transactions. His track record of success in a wide array of corporate environments, including private, public, international, and family-owned companies demonstrates his unique ability to adapt to the distinctive elements of each assignment. His style is to advocate strongly on behalf of his clients in a manner the builds concensus among all constituents, providing a credible and efficient process producing measurable results.

Phoenix Management Services Experience

• Turnaround/Crisis Management
• Operational Assessments
• Strategic Advisory
• Operations Resource Maximization

• Bankruptcy Advisory
• Cash Management
• Liquidation and Business Wind Down
• Litigation Support

Selected Advisory Assignments

Served as the interim CEO of a global public software company, leading its transition to profitability after four plus years of significant losses

Served as the financial advisor to a privately-held machine and machine tool manufacturer, leading it to profitability after nearly three years of losses

Served as the Chief Restructuring Advisor to a multi-location family-owned equipment leasing company, leading it to profitability after two years of losses had created a liquidity crisis

Served as the financial advisor to a family-owned printing-fulfillment industry, leading it to profitability after nearly three years of losses and expansion of its existing credit facility

Served as the financial advisor to many investor groups in completion of operational/financial due diligence across a wide variety of industries and transaction types.

Industry Experience

• Advertising
• Direct Mail
• Information Technology
• Jewelry & Precious Metal Manufacturing
• Equipment Leasing
• Machinery

• Printing-Fulfillment
• Distribution
• Publishing
• Restaurants
• Manufacturing
• Consumer Products

Phoenix Capital Resources Experience

• Recapitalization
• Refinancing
• Equity Raise
• Management of §363 Sales Process
• Out-of-court Bankruptcy Auctions
• Divestitures
• Balance Sheet Restructurings

Selected M&A and Capital Advisory Transactions

Served as the financial advisor in a $8.5 mm sale of a privately held $50 mm manufacturing and distribution company

Served as the financial advisor in a $12 mm refinancing of a privately held $30 mm machine manufacturer

Served as the interim CEO and financial advisor in a $18 mm sale of an international publicly traded $15 mm software technology company with offices throughout the US, Europe and Asia Pacific Rim

Served as the interim CEO and financial advisor in $35 mm recapitalization of an international $100+ mm revenue branded consumer products company

Served as President and CEO to a precious metal manufacturer to the boutique jewelry and corporate recognition markets. During which he directed the Company’s bankruptcy filing and re-organization and subsequent emergence in less than seven months. The Company enjoyed several years of profitability and growth during his tenure until the Company’s investors monetized their investment nearly five (5) years later.

Served as the Assignee in an Assignment for the Benefit of Creditors in the sale of assets of a $62 mm venture-backed biomedical software technology company

Prior Experience

Prior to joining Phoenix, Jim spent considerable time in the manufacturing, advertising and distribution sectors in roles ranging from Executive Vice President of sales and marketing, COO and President/CEO.

Education/Affiliations

Jim graduated with a BS in Economics/Finance from Southern New Hampshire University in 1984. He serves on the Board of Directors for the Northeast chapter of the Turnaround Management Association (TMA) and is also active in the Association for Corporate Growth (ACG). He often is asked to speak on panels at industry conferences on a variety of subjects pertaining to turnaround management and bankruptcy/insolvency proceedings.